Kate Risley Foundation Inc
Kate Risley Foundation maintains strong assets and zero executive compensation despite recent revenue dip.
EIN: 211826720 · Wilmington, DE · NTEE: T22Z · Updated: 2026-03-28
Is Kate Risley Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kate Risley Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kate Risley Foundation Inc
Kate Risley Foundation Inc (EIN: 211826720) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22Z. The organization reported total revenue of $563K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kate Risley Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kate Risley Foundation Inc is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $125K |
| Surplus / Deficit | $-30,847 |
| Total Assets | $1.9M |
| Total Liabilities | $1 |
| Net Assets | $1.9M |
| Operating Margin | -32.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 179.5 months |
Financial Health Grade: B
In 2023, Kate Risley Foundation Inc reported a deficit of $31K with expenses exceeding revenue, holds 179.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Kate Risley Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.3% | -5.1% | -1.6% |
| 2022 | -36.2% | +13.0% | +1.0% |
| 2021 | -3.3% | +11.8% | +6.7% |
| 2020 | +239.5% | +6.1% | +8.6% |
| 2019 | -54.1% | +14.0% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kate Risley Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Kate Risley Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable for an organization of its size with assets nearing $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kate Risley Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (2023), with $124,827 in expenses against $93,980 in revenue, indicating a deficit for that period.
Strengths
The following positive indicators were identified for Kate Risley Foundation Inc:
- Consistent asset growth over a decade, from $1,311,698 in 2011 to $1,867,508 in 2023.
- Zero officer compensation reported across all 10 available filings, indicating high efficiency in resource allocation.
- Minimal liabilities consistently reported ($0 or $1), demonstrating sound financial management.
- Strong program focus implied by the NTEE code (T22Z) and the absence of executive salaries.
- High transparency with 10 years of publicly available IRS 990 filings.
Frequently Asked Questions about Kate Risley Foundation Inc
Is Kate Risley Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kate Risley Foundation Inc (EIN: 211826720) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Kate Risley Foundation Inc spend its money?
Kate Risley Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kate Risley Foundation Inc tax-deductible?
Kate Risley Foundation Inc is registered as a tax-exempt nonprofit (EIN: 211826720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kate Risley Foundation Inc. a good charity?
Based on the available data, the Kate Risley Foundation Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets, minimal liabilities, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation for over a decade.
How has the foundation's financial health changed over time?
The foundation's financial health has generally improved over time, with assets growing from $1,311,698 in 2011 to $1,867,508 in 2023. While revenue has fluctuated, it has largely outpaced expenses, contributing to this asset growth, though the most recent year (2023) showed a temporary deficit.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly efficient, as it has consistently reported 0% officer compensation across all 10 available IRS 990 filings, indicating that no funds are used for executive salaries.
Filing History
IRS 990 filing history for Kate Risley Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kate Risley Foundation Inc's revenue has grown by 0.7%, moving from $93K to $94K. Total assets increased by 42.4% over the same period, from $1.3M to $1.9M. Total functional expenses rose by 59.2%, from $78K to $125K. In its most recent filing year (2023), Kate Risley Foundation Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $125K | $1.9M | $1 | — | — |
| 2022 | $150K | $132K | $1.9M | $1 | — | — |
| 2021 | $235K | $116K | $1.9M | $1 | — | View 990 |
| 2020 | $243K | $104K | $1.8M | $1 | — | View 990 |
| 2019 | $72K | $98K | $1.6M | $1 | — | View 990 |
| 2015 | $156K | $86K | $1.5M | $1 | — | View 990 |
| 2014 | $118K | $63K | $1.4M | $1 | — | View 990 |
| 2013 | $101K | $63K | $1.4M | $1 | — | View 990 |
| 2012 | $98K | $67K | $1.3M | $1 | — | View 990 |
| 2011 | $93K | $78K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $125K, and assets of $1.9M (revenue -37.3% year-over-year).
- 2022: Revenue of $150K, expenses of $132K, and assets of $1.9M (revenue -36.2% year-over-year).
- 2021: Revenue of $235K, expenses of $116K, and assets of $1.9M (revenue -3.3% year-over-year).
- 2020: Revenue of $243K, expenses of $104K, and assets of $1.8M (revenue +239.5% year-over-year).
- 2019: Revenue of $72K, expenses of $98K, and assets of $1.6M (revenue -54.1% year-over-year).
- 2015: Revenue of $156K, expenses of $86K, and assets of $1.5M (revenue +32.4% year-over-year).
- 2014: Revenue of $118K, expenses of $63K, and assets of $1.4M (revenue +16.6% year-over-year).
- 2013: Revenue of $101K, expenses of $63K, and assets of $1.4M (revenue +3.2% year-over-year).
- 2012: Revenue of $98K, expenses of $67K, and assets of $1.3M (revenue +4.9% year-over-year).
- 2011: Revenue of $93K, expenses of $78K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kate Risley Foundation Inc:
Data Sources and Methodology
This transparency report for Kate Risley Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.